PIMCO Municipal Income Fund (NYSE:PMF – Get Free Report) announced a monthly dividend on Tuesday, October 1st, NASDAQ reports. Shareholders of record on Friday, October 11th will be given a dividend of 0.042 per share by the financial services provider on Friday, November 1st. This represents a $0.50 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend is Friday, October 11th.
PIMCO Municipal Income Fund has decreased its dividend payment by an average of 8.0% per year over the last three years.
PIMCO Municipal Income Fund Stock Performance
Shares of PIMCO Municipal Income Fund stock opened at $10.10 on Wednesday. The company has a fifty day simple moving average of $9.64 and a 200-day simple moving average of $9.33. PIMCO Municipal Income Fund has a 12-month low of $7.69 and a 12-month high of $10.50.
About PIMCO Municipal Income Fund
PIMCO Municipal Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in the fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.
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